Tyche Wealth Partners LLC Acquires New Shares in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Tyche Wealth Partners LLC bought a new position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 3,066 shares of the company’s stock, valued at approximately $481,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Strategic Investment Solutions Inc. IL bought a new position in iShares MSCI USA Momentum Factor ETF during the first quarter valued at approximately $31,000. Fortis Capital Advisors LLC boosted its holdings in iShares MSCI USA Momentum Factor ETF by 44.9% in the first quarter. Fortis Capital Advisors LLC now owns 271 shares of the company’s stock worth $38,000 after purchasing an additional 84 shares in the last quarter. Baker Avenue Asset Management LP increased its position in iShares MSCI USA Momentum Factor ETF by 46.8% during the third quarter. Baker Avenue Asset Management LP now owns 279 shares of the company’s stock worth $39,000 after buying an additional 89 shares during the last quarter. Sound Income Strategies LLC increased its position in iShares MSCI USA Momentum Factor ETF by 281.5% during the fourth quarter. Sound Income Strategies LLC now owns 248 shares of the company’s stock worth $39,000 after buying an additional 183 shares during the last quarter. Finally, BluePath Capital Management LLC bought a new position in iShares MSCI USA Momentum Factor ETF during the third quarter valued at about $41,000.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of MTUM traded up $0.90 during trading hours on Wednesday, hitting $181.68. 1,703,628 shares of the company were exchanged. The firm’s 50 day moving average is $183.36 and its 200-day moving average is $162.74. iShares MSCI USA Momentum Factor ETF has a 52 week low of $81.37 and a 52 week high of $113.60. The company has a market cap of $9.97 billion, a PE ratio of 19.19 and a beta of 1.10.

iShares MSCI USA Momentum Factor ETF Profile

The iShares MSCI USA Momentum Factor ETF (MTUM) is an exchange-traded fund that is based on the MSCI USA Momentum SR Variant index. The fund tracks an index of large- and mid-cap US equities, selected and weighted based on price appreciation over 6- and 12-month periods and low volatility over the past 3 years.